Hi Guys! 

How are you ? Hope you guys are doing great. Today is 10th August today's Market Analysis of Nifty 50.

Today's session was classic consolidation day. The Nifty finished almost unchanged, but the intraday structure tells a more interesting story: the index initially experienced meaningful selling, recovered strongly through the morning, spent several hours above the previous close, and then gave back much of those gains towards the close. 

The imporatnt takeaway is that bears failed to sustain the morning breakdown, but bulls also failed to convert the recovery into a breakout.

That leaves the market in a delicate equilibrium around 24550-24620.

HeatMap

Thank you for reading my content really appreciate the help.